Investigation into Ripple's Value: XRP's Requirements for Escaping Consolidation

XRP has been quietly amassing within a wider consolidation structure, trading beneath key resistance areas but constructing a technical framework that could herald a significant move with sufficient volume and momentum shifts. The XRP/USDT pair's price remains confined within a descending channel, with the 100 and 200-day moving averages providing support.

After failing to convincingly surpass the $2.60 mark, the price is currently being defended in the $2.40-$2.30 zone. A daily close above $2.80 could initiate bullish progression, with $3 and $4 as immediate targets. Conversely, falling below $2 could dismantle the structure, leading to a potential drop towards the $1.5 mark.

Against Bitcoin, XRP is hovering above key support at 2200 SAT, with a bearish bias unless bulls can reclaim 2400 SAT and push upwards.